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Internet Computer Price prediction – Will ICP Price Hit $150 in 2021?

Internet-Computer-ICP-Price-Prediction
  • Bullish ICP price prediction ranges from $77.28 to $116.70.
  • ICP price might also reach $150 soon.
  • ICP bearish market price prediction for 2021 is $26.91.

This Internet Computer (ICP) Price Prediction 2021 article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our ICP price analysis and prediction.

The main aim of the Internet Computer is to enlarge the public internet, so it can be the world’s computer firm. Moreover, the scientific breakthrough behind this platform is Chain Key technology, which encompasses dozens of advanced technologies that include novel Consensus, Non-Interactive Distributed Key Generation (NI-DKG), Network Nervous System (NNS), Internet Identity, and many more. 

Notably, the project was founded in October 2016 by Dominic Williams. However,  it attracted notable interest from the crypto environment. More so, DFINITY raised a total of $121 million from contributors like Andreessen Horowitz, Aspect Ventures, Electric Capital, ZeroEx, Scalar Capital, Polychain Capital, SV Angel, and Multicoin Capital, and several notable early Ethereum investors. In 2018, more than 50,000 registered participants got ICP utility tokens in an airdrop.

Even more, on December 18, 2020, DFINITY started the alpha mainnet of the Internet Computer. In addition, in a final step towards decentralization, on May 10, 2021, DFINITY released the Internet Computer into the public domain. However, this major milestone indicates that the internet currently functions as a decentralized global computer as mentioned by the release of all of the Internet Computer’s source code into the public domain, also ICP utility token allowing tens of thousands of community members to govern the ICP network.

Would these events be good enough to make Internet Computers a good investment? Should we invest before the year ends or by 2021? Let us find out in this CoinQuora Internet Computer (ICP) market analysis and price prediction 2021 article.

What is an Internet Computer (ICP)?

The Internet Computer is the globe’s first blockchain that functions at web speed with boundless capacity. Moreover, it represents the third biggest blockchain innovation, along with Bitcoin and Ethereum. Moreover, the Internet Computer allows the complete reimagination of software offering a revolutionary new path to develop tokenized internet service, decentralized financial systems, and also traditional enterprise systems and websites.

Even more, at Genesis on May 10, 2021, the ICP is supported by 48 independent data centers. However, it is located across North America, Europe, and Asia which runs 1,300 nodes. Moreover, the network will continue to grow exponentially to support the next generation of mega dapps, with 123 data centers running 4,300 nodes arranged by the end of the year, and however thousands of data centers running millions of nodes to support the decade-long building out of the Open Internet.

Now that we have an idea about ICP, do you think ICP will be profitable crypto in 2021? Join me and let us see the charts in this ICP price analysis and ICP price prediction.

Internet Computer (ICP) Current Market Status

As of the time of writing this Internet Computer (ICP) price analysis, ICP trades at $57.77 with a 24-hour trading volume of $581,862,419. The price of ICP has increased by 0.76% in the last 24 hours.

Furthermore, ICP has a current circulating supply of 157,079,257.95 ICP. Currently, the top cryptocurrency exchanges for ICP are Binance, OKEx, Huobi Global, Bitget, and ZBG.

Now, let’s proceed to the next part of this ICP price analysis for 2021.

Internet Computer (ICP) Price Analysis 2021

Currently, Internet Computer (ICP) holds 19th place on CoinGecko. But will the latest upgrades, development, and changes in the Internet Computer blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this ICP price prediction article.

ICP/USDT chart showing Descending Channel pattern
ICP/USDT chart showing Descending Channel pattern (Source: TradingView)

The above chart shows the Descending Channel pattern of ICP. This is a bearish pattern which is formed by joining lower highs and lower lows.

Based on the graph above, Internet Computer Protocol was able to defend its position well against the bears in the early days of the month. Currently, ICP is gearing itself for a possible bearish movement in the days to come. If this happens, the crypto might fall. Of course, this is most likely to happen if the bearish market continues to reside with Internet Computer Protocol.

Conversely, if the bears turn against the crypto, the price of ICP might surge. In short, ICP might break out from its downtrend position and skyrockets to a bullish price.

ICP Relative Strength Index
ICP Relative Strength Index (Source: TradingView)

The Relative Strength Index (RSI) is above 39.7, which means that ICP is in a nearly oversold state. Hence, this may proceed to a price reversal at any given time. 

Therefore, traders must be careful while trading and must not be affected by the market hype. With all this in mind, traders can be cautious and shift away from unexpected losses due to the cryptocurrency market’s wild swings.

Let us also look at the Simple Moving Average (SMA) and the Exponential Moving Average (EMA) of ICP.

ICP  30-day SMA and 50-day EMA
ICP  30-day SMA and 50-day EMA (Source: TradingView)

Since the start of 2021, ICP’s price has seen many bullish moves which are higher than the previous one. More so, these are followed by fluctuations, consolidation, and corrections right away. Taking this into consideration, ICP has a competitive market this 2021.

Internet Computer (ICP) Price Prediction 2021

The chart below shows that Internet Computers (ICP) have shown a bearish trend in the past few days. Moreover, the ICP price has dropped 16% in the last 7 days. If this trend continues, ICP might plummet to $37 support level and drop even lower to $26.9.

ICP USDT Price Chart
ICP/USDT Price Chart (Source: TradingView)

Conversely, if the investors turn towards crypto, the bulls might take over and push ICP from its downtrend position. In simpler terms, the price of ICP might increase to almost $116.7, a bullish signal.

Meanwhile, our long-term ICP price prediction 2021 is bearish. It has a less possibility of surpassing its current all-time-high (ATH) at about $737 this year. However, the ICP price can hit ATH only if it breaks many previous psychological resistance.

Internet Computer (ICP) Price Prediction 2022

If this bullish trend continues, Internet Computer will reach $200 by the end of 2022. Moreover, the first half of 2022 is going to show fast growth, up to $250. Then this rise will slow down, but no major falls are expected. With upcoming, partnerships, and developments reaching $200 is quite optimistic in the price point of view but undoubtedly feasible for the near future.

Internet Computer (ICP) Price Prediction 2023

The price of an Internet Computer can move even great heights, however, reaching $350. Moreover, this is possible only if the market maintains its bullish trend. In addition, only if the cryptocurrency Internet Computer breaks past psychological resistance level.

Internet Computer (ICP) Price Prediction 2024

As per the latest upgrades, developments, Internet Computer price prediction, and new project forecasts of the platform. Moreover, this might boost the price of Internet Computer (ICP) in the crypto market, and it will be the best investment as the price can spike and reach around $500.

Internet Computer (ICP) Price Prediction 2025

In the next four years, Internet Computer prices could race up to $720. However, reaching this level could not be so difficult for Internet Computer as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that Internet Computer have a high possibility of reaching a new ATH soon in the next five years as per the prediction.

Conclusion

With the continued strong marketing approach, we can say that Internet Computer has a bright future ahead of it in 2021. Bullish ICP price prediction 2021 is $116. As said above, it may even reach $150 if investors have decided that ICP is a good investment in 2021, along with mainstream cryptocurrencies like Bitcoin and Ethereum.

With Internet Computer showing so much promise, ICP can be a great investment compared to other tokens in the crypto space, but only if invested at the right time with the right price measure as per our Internet Computer price prediction.

FAQ

How to Buy an ICP Coin?

Users can obtain ICP coins by purchasing them from cryptocurrency exchanges such as Binance, or Huobi Global.

Will ICP Surpass its Current ATH?

ICP is a good investment in 2021. However, ICP has less possibility of surpassing its current ATH at about $737 this year

Can ICP reach $150 soon?

Yes, it’s possible that ICP might reach $150 in the near future. This could only be possible if ICP breaks many psychological barriers.

Is ICP a good investment in 2021

ICP is considered one of the top-rising cryptocurrencies this year. Also, along with the recorded achievements of ICP in the past few months, we can say that ICP is indeed a potentially good crypto to invest in this year.

What will be the Internet Computer price by 2022?

Internet Computer (ICP) price is expected to reach $200 by 2022.

What will be the Internet Computer price by 2023?

Internet Computer (ICP) price is expected to reach $350 by 2023.

What will be the Internet Computer price by 2024?

Internet Computer (ICP) price is expected to reach $500 by 2024.

What will be the Internet Computer price by 2025?

Internet Computer (ICP) price is expected to reach $720 by 2025.

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.

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Crypto trading has enticed Ananthi Reeta to write for CoinQuora. She consistently contributes news and feature articles. She has covered several different blockchain and crypto niches, especially altcoins.